1850 SECOND AVENUE SERVICES CORPORATION (EIN 133557175) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

LINDA R HOFFMAN

Phone

2129627653

Tax Period

2023-07-01 to 2024-06-30

1850 SECOND AVENUE SERVICES CORPORATION, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $882K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROVIDE 48 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS AND FAMILIES. TWENTY-NINE (29) OF ITS TENANTS ARE A PART OF THE ENRICHED HOUSING PROGRAM. THIS PROGRAM PROVIDES APARTMENT-BASED LIFESTYLE FOR FRAIL AND HANDICAPPED SENIORS, COMPLETE WITH THE SPECIALIZED SERVICES THAT MANY REQUIRE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $646,871

Program Service Revenue $223,890

Investment Income $6,774

Other Revenue $4,865

TOTAL REVENUE $882,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,124

Fundraising Expenses $0

Program Expenses $852,181

Other Expenses $753,106

TOTAL EXPENSES $923,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$882,400	$760,426	+0.2%
Expenses	$923,230	$883,139	+0.0%
Net Income	$-40,830	$-122,713	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,137,323

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM N HUBBARD IV	PRESIDENT	0.20	Officer Director	$0	$0	$0
ELIZABETH R TOZER	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
JOAN FINKLESTEIN	EXEC. SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
ANN VAN NESS	BOARD MEMBER	0.20	Director	$0	$0	$0
LINDA R HOFFMAN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$35,416	$786,830
ROLANDO A BLANCO	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$35,416	$350,493

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$882,400	$923,230	$7,190,058	$-40,830
2023	$760,426	$883,139	$6,006,754	$-122,713
2022	$764,068	$967,887	$5,011,378	$-203,819
2021	$799,743	$847,805	$5,350,926	$-48,062
2020	$763,224	$718,214	$5,217,824	$45,010
2019	$754,510	$755,523	$4,804,179	$-1,013
2018	$743,188	$709,105	$3,999,403	$34,083

1850 SECOND AVENUE SERVICES CORPORATION